U.S. stocks closed lower on Friday, following a surge in the 10-year Treasury yield.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.
Benzinga's Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga's extensive database of analyst ratings is by analyst accuracy. Here's a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Subash Chandra
- Analyst Firm: Benchmark
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Buy rating on Permian Resources Corporation PR and raised the price target from $14 to $16 on Oct. 18, 2023. This analyst sees around 6% increase in the stock.
- Recent News: Permian Resources priced its secondary public offering of 21.45 million common shares at $13.05 per share.
Analyst: Mark Kelley
- Analyst Firm: Stifel
- Ratings Accuracy: 86%
- Latest Rating: Initiated coverage on eBay Inc. EBAY with a Hold rating and a price target of $46 on Oct. 17, 2023. This analyst sees around 13% upside in the stock.
- Recent News: eBay faces legal challenges as the U.S. government has pressed charges against the tech giant, alleging breaches of environmental regulations.
Analyst: Lloyd Walmsley
- Analyst Firm: UBS
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Amazon.com, Inc. AMZN and cut the price target from $180 to $178 on Oct. 17, 2023. This analyst sees more than 42% upside in the stock.
- Recent News: Amazon.Com has denied deceiving subscribers to its Amazon Prime service, requesting a Seattle U.S. judge dismiss a Federal Trade Commission lawsuit.
Analyst: Justin Post
- Analyst Firm: B of A Securities
- Ratings Accuracy: 85%
- Latest Rating: Initiated coverage on Instacart (Maplebear Inc.) CART with a Neutral rating and a price target of $30 on Oct. 16, 2023. This analyst sees around 21% upside in the stock.
- Recent News: DoubleVerify announced a partnership with Instacart to enable media verification and maximize advertiser performance across the platform.
Analyst: Ross Seymore
- Analyst Firm: Deutsche Bank
- Ratings Accuracy: 84%
- Latest Rating: Downgraded rating on MaxLinear, Inc. MXL from Buy to Hold with a price target of $23 on Oct. 19, 2023. This analyst sees around 14% upside in the stock.
- Recent News: Silicon Motion Technology commenced an arbitration against MaxLinear for breaching its May 5, 2022 agreement to acquire the company.
Read More: Top 4 Health Care Stocks That May Rocket Higher This Month
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